Taking Playboy Enterprises private could put the company and its valuable brand back on a path to growth while allowing Hefner to select his successor. Says one analyst: "There's really no upside to being public for them."
Continue reading Playboy Going Private: What Took Hugh Hefner So Long?
Playboy Going Private: What Took Hugh Hefner So Long? originally appeared on DailyFinance on Mon, 12 Jul 2010 13:30:00.
Filed Under: Company News, Columns, People, Investing, MediaCiting the country's "wealthy and diversified economy, ample fiscal and monetary policy flexibility" and other factors, S&P affirmed the U.K.'s sovereign credit ratings Monday. However, it also maintained the negative outlook it has had since May 2009.
Continue reading S&P Keeps U.K. Debt Ratings at AAA Despite Pessimistic Outlook
S&P Keeps U.K. Debt Ratings at AAA Despite Pessimistic Outlook originally appeared on DailyFinance on Mon, 12 Jul 2010 12:40:00.
Filed Under: Economy, Investing, CurrencyOn Monday, the Microsoft CEO offered a sneak peek at new tablets based on Windows 7 during the software giant's Worldwide Partner Conference. He says computer makers will have a plethora of models available by year-end.
Continue reading Microsoft CEO Ballmer Shows Off New Windows 7 Tablet Prototypes
Microsoft CEO Ballmer Shows Off New Windows 7 Tablet Prototypes originally appeared on DailyFinance on Mon, 12 Jul 2010 12:18:00.
Filed Under: Company News, Technology, Dell, Microsoft, Sony, Samsung, Biz BriefGoogle's App Inventor for Android offers blocks of software that perform different functions and allows ordinary folks -- no programming requiried -- to drag and drop the pieces together. It's like putting together a meal from a selection of frozen foods.
Continue reading Google Aims to Help Anyone Become an Android App Developer
Google Aims to Help Anyone Become an Android App Developer originally appeared on DailyFinance on Mon, 12 Jul 2010 11:15:00.
Filed Under: Company News, Technology, Google , AppleWhile the extension of jobless benefits may pass at some point, there's no doubt that both parties see political gain in keeping the bill stalled. Indeed, it seems every major player in the debate has a political agenda that has all but crippled action.
Continue reading As Jobless Americans Go Broke, Politicians Care More About Politics
As Jobless Americans Go Broke, Politicians Care More About Politics originally appeared on DailyFinance on Mon, 12 Jul 2010 11:00:00.
Filed Under: Economy, CareersAn antitrust class action against Apple and AT&T is going forward, charging that Apple's five-year exclusive agreement with AT&T makes a sham of the two-year contracts iPhone users sign with AT&T and is part of an effort to monopolize the iPhone market.
Continue reading Legal Briefing: iPhone Antitrust Lawsuit Could Be Costly for Apple, AT&T
Legal Briefing: iPhone Antitrust Lawsuit Could Be Costly for Apple, AT&T originally appeared on DailyFinance on Mon, 12 Jul 2010 09:58:00.
Filed Under: Company News, Technology, Columns, Investing, Apple, American International Group, AT&T"This could end up being the worst teen summer job market in employment records going back to 1948," says Challenger, Gray & Christmas CEO John A. Challenger. Among those aged 16 to 19, the jobless rate is now 29%, triple the overall rate.
Continue reading People@Work: A Teenage Wasteland for Employment Opportunity
People@Work: A Teenage Wasteland for Employment Opportunity originally appeared on DailyFinance on Mon, 12 Jul 2010 09:00:00.
Filed Under: Columns, Economy, Careersif(typeof AOLVP_cfg==='undefined')AOLVP_cfg=[];AOLVP_cfg.push({id:'AOLVP_us_111264306001','codever':0.1,'autoload':false,'autoplay':false,'playerid':'61371447001','videoid':'111264306001','stillurl':'http://www.blogcdn.com/www.dailyfinance.com/media/2010/07/20100708face-offpic284x160.jpg','publisherid':1612833736,'width':284,'height':160,'playbutton':false,'bgcolor':''});Retailers posted mixed results for June same-store sales, with some big surprises -- Abercrombie & Fitch -- and some major disappointments -- Target. Take a look at the bull and bear arguments for some retail stock picks.
Continue reading Face-Off on Stocks: Dividend-Paying Retail Plays
Face-Off on Stocks: Dividend-Paying Retail Plays originally appeared on DailyFinance on Mon, 12 Jul 2010 09:00:00.
Filed Under: Investing, Target Corp, Stock Picks, Retail, VideoThe Swiss government blamed U.S. authorities for failing to provide confidential testimony about Polanski's sentencing procedure in 1977-1978. The Swiss government also said it took national interest into consideration.
Continue reading Swiss Refuse to Extradite Roman Polanski to the U.S.
Swiss Refuse to Extradite Roman Polanski to the U.S. originally appeared on DailyFinance on Mon, 12 Jul 2010 08:58:00.
Filed Under: People, MediaToyota Motor's recent $50 million investment in electric-car upstart Tesla Motors is already paying dividends. Tesla reportedly will ship two prototypes, based on Toyota's RAV4 sport utility vehicle and Lexus RX crossover, to the Japanese automaker later this month.
Continue reading Tesla Preparing to Ship Electric Car Prototypes to Toyota
Tesla Preparing to Ship Electric Car Prototypes to Toyota originally appeared on DailyFinance on Mon, 12 Jul 2010 08:57:00.
Filed Under: Company News, Technology, Green, Toyota, AutosPlayboy Enterprises has received a proposal from Hefner to acquire all of the outstanding shares of common stock that he doesn't currently own for $5.50 per share in cash. PLA closed at $3.94 Friday. And Penthouse's owner may also bid.
Continue reading Hugh Hefner Offers to Take Playboy Private
Hugh Hefner Offers to Take Playboy Private originally appeared on DailyFinance on Mon, 12 Jul 2010 08:52:00.
Filed Under: Company News, Investing, MediaSenate Majority Leader Harry Reid currently has 57 Democrats on board, with two Republicans seemingly inclined to vote in favor as well. That leaves Reid one vote short.
Continue reading Democrats Push Financial Reform With Slim Margin for Error
Democrats Push Financial Reform With Slim Margin for Error originally appeared on DailyFinance on Mon, 12 Jul 2010 08:32:00.
Filed Under: Economy, InvestingSome of today's top online stories for investors, including four bullish billionaires and what they're buying, six game-changing hedge funds, and could it be time to sell Berkshire Hathaway?
Continue reading Daily Blogwatch: Four Bullish Billionaires and What They're Buying
Daily Blogwatch: Four Bullish Billionaires and What They're Buying originally appeared on DailyFinance on Mon, 12 Jul 2010 08:30:00.
Filed Under: Columns, Investing, Berkshire HathawayThe real estate portfolio is worth around $2 billion, excluding debt. Blackstone will help unwind the portfolio and will not acquire any assets from it.
Continue reading Blackstone to Take Over Bank of America Asian Real Estate Fund
Blackstone to Take Over Bank of America Asian Real Estate Fund originally appeared on DailyFinance on Mon, 12 Jul 2010 08:17:00.
Filed Under: Company News, Investing, Bank of America, Real Estate, CreditThe study involved 14 previously treated patients, and the data showed that the drug, rFIXFc, was well tolerated and demonstrated an approximately three-fold increase in half-life, compared to previous data for existing therapies.
Continue reading Biogen Idec Says Long-Lasting Hemophilia Drug Meets Safety Goals
Biogen Idec Says Long-Lasting Hemophilia Drug Meets Safety Goals originally appeared on DailyFinance on Mon, 12 Jul 2010 08:00:00.
Filed Under: Company News, Investing, Health Care, Stocks in the NewsMillions of Americans are seeing their credit scores plunge. According to FICO, 25.5% of consumers -- roughly 43.4 million people -- have a credit score below 600, making them a poor risk for lenders, and making it hard for those consumers to get credit cards, auto loans and mortgages.
Continue reading Millions of Americans See Credit Scores Plummet
Millions of Americans See Credit Scores Plummet originally appeared on DailyFinance on Mon, 12 Jul 2010 07:32:00.
Filed Under: Company News, Economy, Real Estate, CreditWhen voices such as the Financial Times and Warren Buffett call for an overhaul of top management, including Chairman Svanberg and CEO Hayward, it's time to listen. BP won't regain investors' confidence until it does so.
Continue reading Inside Wall Street: The Other Cleanup BP Must Work On -- Its Management
Inside Wall Street: The Other Cleanup BP Must Work On -- Its Management originally appeared on DailyFinance on Mon, 12 Jul 2010 07:30:00.
Filed Under: Energy, Company News, Columns, Investing, BPThe rumors continue to swirl: Will Exxon Mobil takeover BP. Will BP sell its Prudhoe Bay assets to U.S. oil company Apache for $10 billion.
Continue reading BP: An Exxon Takeover or Asset Sale?
BP: An Exxon Takeover or Asset Sale? originally appeared on DailyFinance on Mon, 12 Jul 2010 07:30:00.
Filed Under: Energy, Exxon Mobil, BPContinue reading Weyerhaeuser to Announce Special Dividend
Weyerhaeuser to Announce Special Dividend originally appeared on DailyFinance on Mon, 12 Jul 2010 07:28:00.
Filed Under: Investing, Weyerhaeuser, Stocks in the NewsA monopoly abuse lawsuit against Apple and AT&T's mobile phone unit was awarded class-action status by a judge in California. The complaint takes issue with Apple's five-year exclusivity deal with AT&T.
Continue reading Judge Gives iPhone Monopoly Case Class-Action Status
Judge Gives iPhone Monopoly Case Class-Action Status originally appeared on DailyFinance on Mon, 12 Jul 2010 07:16:00.
Filed Under: Company News, Technology, Apple, AT&T
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